"Combined Transport" means Carriage of Goods by Vessel plus
one or more other modes of transport under this Bill of Lading from the
place of receipt from Merchant to the place of delivery to Merchant.

"Connecting Carrier" means carriers (other than Carrier),
contracted by or acting on behalf of Carrier, participating in Carriage
of Goods by land, water or air under this Bill of Lading.

"Container" includes any container, trailer, transportable
tank, flat or pallet or any similar article used to consolidate Goods and
any ancillary equipment.

"Goods" means the whole or any part of the cargo accepted
from the shipper and includes the packing and any equipment or Container
not supplied by or on behalf of Carrier.

"Holder" means any person for the time being in possession
of or entitled to this Bill of Lading by reason of the consignment of Goods
or the endorsement of this Bill of Lading or otherwise.

"Merchant" includes the shipper, consignor, consignee, owner
and receiver of Goods, and Holder, and anyone acting on behalf of any
such person, including but not limited to agents, servants, independent contractors
and freight forwarders.

"Sub-Contractor" includes stevedores, longshoremen, terminal operators,
warehousemen, watchmen, any Connecting Carrier, and any person, firm, corporation,
or other legal entity who or which performs services incidental to carriage of Goods
under this Bill of Lading, and their servants, agents and independent contractors.

"Vessel" includes the vessel named on the face hereof, any vessel,
lighter, barge, ship, watercraft or any other means of water transport and any
other vessel owned, operated, chartered or employed (in whole or in part) by
Carrier or any Connecting Carrier and used in whole or in part for Carriage of Goods
under this Bill of Lading.

"Water Carriage" means such stage of Carriage of Goods as commencing
from the time when Goods are loaded on Vessel and ending at the time when Goods are
discharged from Vessel.

(2) The terms of Carrier's applicable Tariff ("Tariff") are incorporated herein. Merchant's
attention is drawn to clause 22 hereof. Copies of the relevant provisions of Tariff are
Lading and Tariff, this Bill of Lading shall prevail.

(Governing Law and Jurisdiction)
The contract evidenced by or contained in this Bill of Lading shall be governed by
Japanese law except as may be otherwise provided for herein, and any action thereunder
or in connection with Carriage of Goods shall be brought before the Tokyo District Court
in Japan, to whose jurisdiction Merchant irrevocably consents.

Responsibility (All Trade other than to, from or through US Territories)
Except for the shipment of Goods to, from or through the United States, including its
districts, territories and possessions (collectively called "US Territories"),
which shall be governed by Clause 4 below, the following shall apply:

(Responsibility When Loss Or Damage Proven To Have Occurred During Water Carriage)
(1) Carrier's responsibility, if any, for any loss or damage to Goods proven to have
taken place during Water Carriage shall be governed by the Law Concerning Carriage of
Goods by Sea of Japan as amended in 1992 (Japan COGSA), but if for some reason, that
should be held not to apply, then by the International Convention for the Unification
of Certain Rules Relating to Bills of Lading, dated at Brussels, 25 August, 1924 (Hague
Rules) as amended by the Protocol to Amend the International Convention, signed at Brussels
on 23 February, 1968 (Hague-Visby Rules) and the Protocol to the International Convention
signed at Brussels on 21 December, 1979 amending the unit of account to be the Special
Drawing Right as defined by the International Monetary Fund (SDR Protocol). (2) But if
this Bill of Lading is adjudicated in a court having jurisdiction in a locality where
there is in force a compulsorily applicable Act, Ordinance or Statute, it shall be
subject to the provisions of such applicable Act, Ordinance or Statute but no further.
(3) If a court of competent jurisdiction deems the United Nations Convention on the
Carriage of Goods by Sea, 1978 (Hamburg Rules) to be compulsorily applicable then this
Bill of Lading will be subject to Hamburg Rules, and only in such circumstances will
any provision, stipulation or clause (or portion thereof) in this Bill of Lading that
derogates from the provisions of Hamburg Rules be null and void, but only to the extent
it derogates from Hamburg Rules.

(Responsibility Other Than During Water Carriage) (1) Carrier's responsibility, if any,
for any loss or damage to Goods proven to have taken place during any period other than Water
Carriage shall be governed by any relevant provisions contained in any applicable international
convention or national law which provisions (a) cannot be departed from by private contract to
the detriment of Merchant; and (b) would have applied if Merchant had made a separate and direct
contract with Carrier in respect of the particular stage of Carriage during which the loss or
damage occurred. (2) In no event, however, shall Carrier have liability with respect to any loss
or damage to Goods unless caused by the actual fault or negligence of Carrier, Sub-Contractors,
or any master, officers, crew, employees, servants, agents or independent contractors who
perform(s) service incidental to Carriage of Goods nor shall Carrier have any liability with
respect to any loss or damage to Goods caused in whole or in part by (I) Act of God, (II) Act of
war or act of public enemies, (III) Arrest or restraint of princes, rulers or people, or seizure
under legal process, (IV) Quarantine restriction, (V) Act or omission of Merchant, (VI)
Insufficiency of or defective packing or marking, (VII) Handling, loading, stowage or unloading
of Goods by or on behalf of Merchant, (VIII) Inherent vice of Goods, (IX) Strike, lock-out,
stoppage or restraint of labour, from whatever cause, whether partial or general, (X) Any cause
or event which Carrier could not avoid and the consequences whereof Carrier could not prevent by
the exercise of reasonable diligence,(XI) Compliance with the instructions of any person entitled
to give them. (3) In no event shall Carrier's liability, if any, during this period exceed US $2.00
per kilo of the gross weight of Goods lost or damaged.

(Responsibility When Stage Of Carriage During Which Loss or Damage Occurred Is Unproven) If the
stage of Carriage during which loss or damage occurred is not proven by Merchant, then Carrier's
responsibility, if any, shall be determined in accordance with Clause 3 (B)(2) and (3) above instead
of 3(A).

(Responsibility For Shipments To, From Or Through US Territories) (1) With respect to Goods
shipped to, from or through US Territories, Carrier's responsibilities during the entire period (and not
just during Water Carriage) from the time of receipt of Goods to the time of delivery of Goods shall be
governed by the United States Carriage of Goods by Sea Act (US COGSA) and US COGSA shall be deemed
incorporated herein during the entire aforesaid period, provided however that if loss or damage to Goods
is proven to have occurred during other than Water Carriage and outside US Territories, Carrier's
responsibilities shall be determined in accordance with Clause 3(B) instead of US COGSA. (2) If US COGSA
so applies then with respect to Goods carried on deck and stated on the face hereof to be so carried,
and with respect to live animals, birds, reptiles, fish, shellfish and plants, all risk or loss or
damage by perils inherent in or incidental to such Carriage shall be borne by Merchant, and all such
Goods whether carried on deck or under deck shall participate in general average, but in all other respects
in connection with the custody and Carriage of such Goods, Carrier shall have the benefit of the provisions
of US COGSA, notwithstanding Section I(c) thereof, and of all the terms and conditions of this Bill of
Lading except those inconsistent with the provisions of this Clause. (3) Also, if US COGSA so applies, in
no event shall Carrier be or become liable for any loss or damage to or in connection with Carriage of Goods
in an amount exceeding US$500 per package lawful money of USA, or in case of Goods not shipped in packages,
per customary freight unit, or the equivalent of that sum in other currency, unless the nature and value of
such Goods have been declared by the shipper before receipt of Goods by Carrier and inserted in this Bill of
Lading.

(Sub-Contracting: Exemptions, Immunities, Limitations, etc. of Participant(s)) (1) Carrier shall be
entitled to sub-contract on any terms whatsoever Carriage, including without limitation, the loading, unloading,
storing, warehousing, handling and any and all duties whatsoever undertaken by Carrier in relation to Goods by
any of the following: (I) any Connecting Carrier, (II) masters, officers, crew, employees or any other servants,
of Carrier and Connecting Carrier, (III) sub-contractors, stevedores, longshoremen, terminal operators,
warehousemen, watchmen, agents and independent contractors whatsoever used or employed by Carrier from time to
time in connection with the performance of any of Carrier's obligations under this Bill of Lading (all of the
foregoing are hereafter referred to as "Participant(s)"). (2) Merchant undertakes that no claim or
allegation shall be made against any of Participants which imposes or attempts to impose upon any of them or
any vessel owned or chartered by any of them any liability whatsoever in connection with Goods or Carriage of
Goods, whether or not involving the negligence of any such person, and, if any such claim or allegation should
nevertheless be made, to indemnify Carrier against all consequences thereof. Without prejudice to the foregoing,
every such vessel and Such Participant(s) shall have the benefit of all provisions herein benefiting Carrier as
if such provisions were expressly for their benefit; and, in entering into this contract, Carrier, to the extent
of those provisions, does so not only on its own behalf, but also as agent and trustee for such vessel and
Participant(s). (3) Merchant further undertakes that no claim or allegation of any nature whatsoever in respect
of Goods shall be made against Carrier or any person entitled to the benefit of clauses 5(2) and 5(3) by any person,
other than in accordance with and subject to the terms of this Bill of Lading, which imposes or attempts to impose
upon Carrier or such person any liability whatsoever in connection with Goods or Carriage thereof, whether or not
involving the negligence of Carrier or such person, and, if any such claim or allegation should nevertheless be
made, to indemnify Carrier against all consequences thereof.

(Methods and Routes of Carriage) It is understood and agreed that (a) Carriage of Goods may be done by
more than one method or route of transport (whether or not direct, customary or advertised), including, but not
limited to transport by land, water and air and by more than one Vessel or other means of transport; (b) no method
or route of transport nor Vessel nor any other means of transport is agreed to be used and the same, at any time,
may be changed or substituted without notice from those originally intended by Carrier; (c) Goods or any part
thereof may be discharged and/or stored at any port or place, whether named or not; (d) Carrier may pack or unpack
Goods into or out any type of Container or other means of packaging or shipment; (e) Carrier may carry Goods in one
or more shipments at one or more times; (f) Vessel or other means of transport, whether or not Goods are then on
board, is at liberty to adjust navigational instruments, make trial trips or tests, drydock or be repaired, shift
berths, take in fuel or other necessaries, embark or disembark passengers, crew, cargo or stores, sail with or
without pilots, tow or be towed, or save or attempt to save life or property or to be guided by weather conditions.

(Period of Responsibility/No Undertaking of Arrival Time) (1) Carrier shall not be responsible for any loss
or damage to Goods howsoever occurring, if such loss or damage occurring prior to receipt of Goods by Carrier or after
delivery of Goods by Carrier. (2) Carrier does not undertake that Goods shall arrive at the port of discharge or place
of delivery at any particular time or in time to meet any particular market or use, and Carrier shall not be
responsible for any direct or indirect loss or damages which is caused through delay.

(Liberties) (1) In any
situation, whether existing or anticipated prior to or during Carriage, which, in the judgment of Carrier and/or any
person charged with Carriage or safekeeping of Goods, has caused or may cause danger, injury, loss, delay or
disadvantage to Vessel, Carrier, Goods, any person and/or any property, Carrier shall be entitled, have the liberty
and in the manner it deems advisable, as an agent for and at the sole risk and expense of Merchant, to: (a) unpack
Container(s) or dispose of Goods; (b) prior to loading, cancel the contract of carriage without compensation and
require Merchant to take delivery of Goods, or place Goods in a warehouse or other place; (c) once Goods are laden
or shipped on board, discharge Goods, or any portion thereof, at any place selected by Carrier at its sole
discretion, or back at the port of loading or place of receipt. Actions undertaken pursuant to (a) (b) or (c) shall
constitute full performance of this contract, and Carrier shall be released from any and all responsibility and
liability hereunder. (2) Carrier shall make all arrangements authorized in accordance with (1) above without any
liability whatsoever in respect to such agency and/or actions, and shall acquire a lien upon Goods therefor; and
upon demand, Merchant shall reimburse Carrier for all extra freight, charges and expenses incurred thereby. (3) The
situations referred to in (1) above include, but are not limited to, those caused by war declared or undeclared,
hostile, warlike, belligerent acts, disturbances, riots, civil commotions; closure, obstacles, dangers in or to
any canal; blockade of any port or place, interdiction, prohibition, restriction of trade or commerce; quarantine,
health, sanitary regulations or restrictions; epidemics, diseases; strikes, lockouts or other labour problems,
congestion at any port, wharf, sea terminal or other place; shortage, absence, obstacles of available labour or
facilities for loading, discharge, delivery, handling of Goods; bad weather, shallow water, ice, landslip or other
transportation obstacles. (4) Carrier shall also have the liberty to comply with orders, directions, regulations,
recommendations as to departure, arrival, route, places of call, stoppage, loading, discharge, handling, delivery
or any other important factor given by any public authority or under the terms of any insurance on Vessel, and any
such compliance shall not be a deviation but shall be deemed to be included within the contractual Carriage.

(Unknown Clause) (1) Any reference on the face hereof to marks, numbers, description, quality, quantity,
gauge, weight, measure, nature, kind, value and any other particulars of Goods is as furnished by Merchant, with
respect to which Carrier does not make any representation, nor shall Carrier be under any responsibility whatsoever
in respect of such description or particulars. (2) Merchant warrants to Carrier that the particulars furnished by him
are correct, and shall indemnify Carrier against all loss, damage, expenses, liability, penalties and fines arising
or resulting from inaccuracy thereof.

(Carrier's Container) (1) Merchant shall assume full responsibility for and shall indemnify Carrier against
any loss of or damage to Container(s) and other equipment provided by or on behalf of Carrier, which occurs while in
the possession or control of Merchant, or agents, servants, contractors or any other persons engaged by or on behalf
of Merchant. (2) Carrier shall in no event be liable for and Merchant shall defend, indemnify and hold Carrier
harmless from and against any loss, damage, liability, cost or expense, including attorneys' fees, arising out of or
in any way connected with loss of or damage to any property of Carrier and others or injuries or death of any person
caused by Container(s) or other equipment provided by or on behalf of Carrier, or the contents thereof, during
handling by, or while in the possession or control of Merchant, or agents, servants, contractors or any other persons
engaged by or on behalf of Merchant, whether or not contributed by the negligence, breach of express or implied
warranty, strict liability or otherwise of Carrier or any other person other than Merchant.

(Container Packed by Merchant) If Goods received by Carrier are in Container(s) into which contents have
been packed by or on behalf of Merchant, Merchant warrants that the stowage and securing of the contents of
Container(s) and their closing and sealing are safe and proper and also warrants that Container(s) and contents
thereof are suitable for Carriage in accordance with the terms hereof including Clause 15. In the event of Merchant's
breach of said warranties, Carrier shall not be responsible for any loss of or damage to or in connection with Goods
and Merchant shall be liable for loss of or damage to any property, or for personal injury, death or the consequences
of any other accidents or events whatsoever and shall defend, indemnify and hold Carrier harmless against all loss,
damage, liability, cost or expense, including attorneys' fees, arising out of or in any way connected with said
accidents or events. Merchant shall inspect Container(s) when the same are furnished by or on behalf of Carrier, and
they shall be deemed to have been accepted by Merchant as being in sound and suitable condition for the purpose of
Carriage contracted herein.

(Inspection of Contents/Container Seals) (1) Carrier shall be at liberty to open Container(s) and to inspect
Goods and take any measures with respect thereto without notice to Merchant at such time and place as Carrier may
deem necessary and all expenses incurred therefrom shall be borne by Merchant if such expenses relate to Container(s)
packed by Merchant, or were incurred by a reason for which Merchant should be responsible. (2) If Container(s) are
delivered by Carrier with seals intact, such delivery shall be deemed as full and complete performance of Carrier's
obligation hereunder and Carrier shall not be liable for any loss of or damage to the contents of Container(s).
(3) In case the seals of Container(s) are broken by or pursuant to the order of the customs or other authorities,
Carrier shall not be liable for any loss, damage, expenses or any other consequences arising or resulting therefrom.

(Special Container) (1) Carrier undertakes to carry Goods in refrigerated, heated, insulated, ventilated or
any other special Container(s) only by special arrangement in writing and only when special freight as required is paid.
(2) Notwithstanding anything contained in this Bill of Lading, Carrier shall not be responsible for the function of any
special Container(s) provided that Carrier exercises due diligence before or at the beginning of Carriage of special
Container(s) to determine that special Container(s) is then in good working order. (3) Except as provided in (2) above,
Carrier shall not be liable for any loss of or damage to Goods arising from latent defects, derangement, breakdown, or
stoppage of the refrigerating machinery, plant, insulation and/or any apparatus of Container, Vessel, or other means of
transport or conveyance and any other facilities. (4) In the case of refrigerated or special Containers packed by
Merchant, Merchant shall properly prepare and pack Goods for such shipment and set the temperature, as required. (5)
The maintenance of the temperature within a refrigerated or special Container is not guaranteed by Carrier and is solely
at Merchant's risk, even if a particular temperature is stated on the face hereof and irrespective of whether Container
is packed or the temperature is set by Carrier or Merchant. (6) Merchant shall have contents at the requested
temperature setting prior to packing into a refrigerated Container whether same is to be packed by Merchant or Carrier.

(Dangerous Goods, Contraband) (1) Carrier undertakes to carry Goods of an explosive, inflammable, radioactive,
corrosive, damaging, noxious, hazardous, poisonous, injurious or any other dangerous nature only upon Carrier's
acceptance of a prior written application by Merchant for Carriage of such Goods. Such application must accurately
state the nature, name, label and classification of Goods as well as the method of rendering them innocuous, with the
full names, addresses and telephone numbers of Merchant. (2) Merchant shall undertake that the nature of Goods referred
to in (1) above is distinctly and permanently marked and manifested on the outside of the package(s) and Container(s)
and shall also undertake to submit the documents or certificates required by any applicable statutes or regulations at
any stage of Carriage or by Carrier. (3) Whenever Goods are perceived or are discovered to pose a threat to Vessel, any
other means of transport, cargoes, properties or persons, or not to comply with (1) or (2) above, or Goods are
perceived or found to be contraband or prohibited by any laws or regulations of the port of loading, discharge or call
or any place or waters during Carriage, Carrier shall be entitled to have such Goods rendered innocuous, thrown
overboard or discharged and left to Merchant at any stage and place Carrier may choose or otherwise dispose of at
Carrier's discretion without compensation, and Merchant shall be liable for and indemnify Carrier against all of loss,
damage or liability including loss of freight, and any expenses directly or indirectly arising out of or resulting from
such Goods, and shall post any necessary bonds or financial guarantinees as may be required.

(Stowage Under and On Deck) Goods, whether in Container(s) or not, may be carried on deck or under deck
without notice to Merchant and without any note, mark or stamp making any statement of "on-deck stowage"
on the face hereof. All such Goods whether carried on deck or under deck, shall participate in general average. With
respect to Goods carried on deck and stated on the face hereof to be so carried, all risk of loss of or damage to
Goods shall be borne by Merchant, whether or not caused by Carrier's negligence or Vessel's unseaworthiness, and
Carrier shall have the benefit of all the provisions of this Bill of Lading, except those inconsistent with the
provisions of this Clause.

(Live Animals and Plants) Notwithstanding any other provision herein, Carrier shall not be responsible for
any accident, disease, mortality, loss of or damage to live animals, including but not limited to birds, reptiles,
fish and shellfish, and plants arising or resulting from any cause whatsoever including Carrier's negligence or
Vessel's unseaworthiness and shall have the benefit of all the provisions of this Bill of Lading, except those
inconsistent with the provisions of this Clause.

(Valuable Goods) Carrier shall not be liable to any extent for any loss of or damage to or in connection with
platinum, gold, silver, jewelry, precious stones, precious metals, radioisotopes, precious chemicals, bullion,
specie, currency, negotiable instruments, securities, writings, documents, pictures, works of art, curios, heirlooms,
collections of every nature or any other valuable goods whatsoever including Goods having particular value only for
Merchant, unless the true nature and value of Goods have been declared in writing by Merchant before receipt of Goods
by Carrier, and the same is inserted in this Bill of Lading and ad valorem freight has been prepaid.

(Heavy Lift) (1) The weight of a single piece or package exceeding one metric ton gross must be declared by
Merchant in writing before receipt by Carrier and must be marked clearly and durably on the outside of the piece or
package in letters and figures with the proper lifting points. (2) In case of Merchant's failure in his obligations
under (1) above, Carrier shall not be responsible for any loss of or damage to or in connection with Goods, and
Merchant shall be liable for loss of or damage to any property or for personal injury or death arising as a result of
Merchant's said failure and shall indemnify, defend and hold Carrier harmless against all loss or liability suffered
or incurred by Carrier as a result of such failure.

(Notification and Delivery) (1) Any mention in this Bill of Lading of parties to be notified of the arrival
of Goods is solely for information of Carrier, and failure to give such notification shall not involve Carrier in any
liability nor relieve Merchant of any obligation hereunder. (2) Merchant shall take delivery of Goods within the time
provided for in Tariff. (3) If Merchant fails to take delivery of Goods or part of them in accordance with this Bill
of Lading, Carrier may without notice unstow Goods or that part thereof and/or store Goods or that part thereof
ashore, afloat, in the open or under cover. Such storage shall constitute due delivery hereunder, and thereupon all
liability whatsoever of Carrier in respect of Goods or that part thereof shall cease. (4) Merchant's attention is
drawn to the stipulations concerning free storage time and demurrage contained in Tariff, which is incorporated in
this Bill of Lading. (5) Carrier may in his absolute discretion receive Goods as Full Container Load and deliver them
as Less than Container Load and/or as split delivery of Goods to more than one receiver. In such event Carrier shall
not be liable for any shortage, loss, damage or discrepancies of Goods, which are found upon unpacking of Container.
Merchant shall be liable for an appropriate adjustment of the freight and shall pay any additional costs incurred.
(6) Carrier may in his absolute discretion receive Goods as Less than Container Load and deliver them as Full
Container Load. In such event Carrier shall not be liable for any shortage, loss, damage or discrepancies of Goods,
which were not apparent at the time of such delivery, provided that it shall have exercised ordinary care in packing
Container. (7) If, at the place of delivery, Carrier is required to discharge Goods into the custody of Customs, port
or other authority, such discharge into custody shall be due delivery to Merchant under this Bill of Lading. (8) If
Goods are unclaimed within a reasonable time but in any event no longer than 7 running days from the date Goods arrive
at the port of discharge or place of delivery, or whenever in Carrier's opinion Goods will become deteriorated, decayed
or worthless, Carrier may, at its discretion and subject to its lien and without any responsibility attaching to it, sell,
abandon or otherwise dispose of such Goods solely at the risk and expense of Merchant.

(Fire) Carrier shall not be responsible for any loss of or damage to Goods arising or resulting from
fire occurring at any time throughout Carriage, unless proven to have been caused by the actual fault or privity of
Carrier.

(Lien) Carrier shall have a lien on Goods and any documents relating thereto, which shall survive delivery,
for all freight, deadfreight, demurrage, damage, loss, charges, expenses and any other sums whatsoever payable by or
chargeable to or for the account of Merchant or Goods under this Bill of Lading and any contract preliminary hereto,
and for the costs and expenses including attorneys' fees, of recovering the same and may sell Goods privately or by
public auction or otherwise exercise a lien on Goods without notice to Merchant. If on sale of Goods, the proceeds
fail to cover the amount due and the costs and expenses incurred, Carrier shall be entitled to recover the deficit
from Merchant.

(Freight and Charges) (1) Freight may be calculated on the basis of the particulars of Goods furnished by
Merchant who shall be deemed to have guaranteed to Carrier the accuracy of the contents, weight, measure or value as
furnished by him, at the time of receipt of Goods by Carrier, but Carrier may, at any time, open Container(s) and/or
package(s) and examine contents, weight, measure or value of Goods at the risk and expense of Merchant. In case of
incorrect declaration of the particulars of Goods as above, Merchant shall be liable for and bound to pay to Carrier
(a) the balance of freight between the freight charged and that which would have been due had the correct details
been given plus (b) as and by way of liquidated and ascertained damages, a sum equal to the correct freight.
(2) Full freight and charges to the port of discharge or place of delivery named herein shall be considered as
completely earned on receipt of Goods by Carrier, whether to be prepaid or to be collected at destination. Carrier
shall be entitled to all freight and other charges due hereunder, and to receive and retain such freight and charges
irrevocably under any circumstances whatsoever, whether Vessel or any other means of transport and/or Goods be lost
or not, or Carriage be broken up or frustrated or abandoned at any stage of Carriage. Full freight shall be paid on
damaged or unsound Goods. (3) The payment of freight and/or charges shall be made in full and in cash without any
offset, counterclaim or deduction. Merchant's attention is drawn to the stipulations concerning currency in which
the freight and charges are to be paid, rate of exchange, devaluation and other contingencies relative to freight
and charges specified on the face of this Bill of Lading or in Tariff. (4) Merchant shall be liable for, and indemnify
Carrier against, all dues, duties, taxes and charges including consular fees levied on Goods, and for all fines
and/or loss sustained or incurred by Carrier in connection with Goods, howsoever caused, including Merchant's
failure to comply with laws and regulations of any government or public authority in connection with Goods or
failure to procure consular, board of health or other certificate to accompany Goods. Merchant shall be liable
for return freight and charges on Goods refused exportation or importation by any government or public authority.
If Carrier is of the opinion that Goods stand in need of sorting, inspecting, mending, repairing or reconditioning,
or otherwise require protecting or caring for, Carrier may carry out such work at the cost and expense of Merchant.
(5) Each Merchant shall be jointly and severally liable to Carrier for the payment of all freight and charges and
for the performance of the obligations of each of them hereunder. (6) Payment of freight and charges to a freight
forwarder, broker or anyone other than Carrier or its duly authorized agent shall not be deemed payment to Carrier
and payment shall be made solely at the payor's risk.

(Notice of Claim and Time for Suit against Carrier)(1) Unless notice of loss or damage and the general
nature of such loss or damage be given in writing to Carrier at the port of discharge or place of delivery before
or at the time of delivery of Goods or, if the loss or damage be not apparent, within 3 days after delivery, Goods
shall be deemed to have been delivered as described in this Bill of Lading. (2) In any event, Carrier shall be
discharged from all liability in respect of non-delivery, misdelivery, delay, loss or damage unless suit is brought
within one year after delivery of Goods or the date when Goods should have been delivered. (3) Notwithstanding (2)
above, with respect of any non-delivery, misdelivery, delay, loss or damage which may have occurred during other than
Water Carriage, Merchant must file a claim with Carrier within 9 months after delivery of Goods or the date when
Goods should have been delivered, failing which Carrier will be discharged of all liability therefor.

(Limitation of Liability) (1) All claims for which Carrier may be liable shall be adjusted and settled on
the basis of Merchant's net invoice cost, plus freight and insurance premium, if paid. (2) Save as otherwise provided
herein, Carrier shall in no circumstances be liable for direct or indirect or consequential loss or damage arising
from Carriage of Goods hereunder. (3) Under no circumstances shall Carrier be liable for loss or damage in an amount
exceeding the amount which can be assessed by Clause 3 or 4, as the case may be, unless the value of Goods higher than
the amount so assessed has been declared in writing by Merchant before receipt of Goods by Carrier and inserted on the
face hereof with nature thereof and extra freight has been paid as required. (4) Where Goods have been either packed
into Container(s) by or on behalf of Merchant, it is expressly agreed that the number of such Container(s) shown on the
face hereof shall be considered as the number of the package(s) or unit(s) for the purpose of the application of the
limitation of liability provided for herein.

(Limitation Statute) (1) Nothing in this Bill of Lading shall operate to limit or deprive Carrier
of any statutory protection or exemption or limitation of liability authorised by any applicable laws, statutes or
regulations of any country. (2) It is agreed by Merchant that Carrier qualifies and shall be regarded as a person
entitled to limit liability under any applicable Convention on the Limitation of Liability for Maritime Claims
notwithstanding that Carrier may have secured space on board the relevant Vessel by means of a slot charter, bill
of lading, waybill or other form of contract of carriage. Subject to any law compulsorily applicable to Carriage to
the contrary, and save to that extent, the fund to which Carrier may limit its liability in respect of all claims
arising out of an incident shall be that part or proportion of the limitation fund applicable to the actual carrier
that is available for Carrier's claims against the actual carrier.

(Defenses and Limits For Carrier)) The defences and limits of liability provided for in this Bill of Lading
shall apply in any action against Carrier for loss of or damage to the Goods whether the action be founded in
contract or in tort or according to any other theory of legal liability

(Regulations relating to Goods) Merchant shall comply with all regulations or requirements of Customs,
port and other authorities, and shall bear and pay all duties, taxes, fines, imposts, expenses or losses incurred
or suffered by reason thereof or by reason of any illegal, incorrect or insufficient marking, numbering or
addressing of Goods, and indemnify the Carrier in respect thereof.

(General Average; New Jason Clause) (1) General average shall be adjusted, stated and settled at Tokyo or
any other place as elected by Carrier (or, as the case may be Connecting Carrier) according to York Antwerp Rules
1994 or any amendment thereto and as to matters not provided for by these Rules, according to the laws and usages
of the place of adjustment, and in the currency selected by Carrier (or, as the case may be Connecting Carrier).
The general average statement shall be prepared by the adjusters appointed by Carrier (or, as the case may be
Connecting Carrier). Average agreement or bond and such cash deposit as Carrier (or, as the case may be Connecting
Carrier) may deem sufficient to cover the estimated contribution of Goods and any salvage and special charges
thereon and any other additional securities as Carrier (or, as the case may be Connecting Carrier) may require
shall be furnished by Merchant to Carrier (or, as the case may be Connecting Carrier) before delivery of Goods.
(2) Carrier shall be under no obligation to exercise any lien for general average contribution due to Merchant.
(3) In the event of accident, danger, damage or disaster before or after commencement of the voyage, resulting from
any cause whatsoever, whether due to negligence or not, for which, or for the consequence of which, Carrier is not
responsible by statute, contract or otherwise, Goods and Merchant shall jointly and severally contribute with
Carrier in general average to the payment of any sacrifices, loss or expenses of a general average nature that
may be made or incurred, and shall pay salvage and special charges incurred in respect of Goods. If a salving ship
is owned or operated by Carrier, salvage shall be paid for as fully and in the same manner as if such salving ship
belonged to strangers.

(Both To Blame Collision) The Both-To-Blame Collision Clause published by the Baltic and International
Maritime Council (BIMCO), a copy of which is available upon request, is hereby incorporated into this Bill of
Lading.

(Miscellaneous) (1) The terms of this Bill of Lading are separable, and if any term or condition is, or is
held to be invalid, null and void, or unenforceable, such holding shall not affect in any way the validity or
enforceability of any other term or condition of this Bill of Lading. (2) No servant or agent of Carrier shall
have power to waive or vary any terms of this Bill of Lading unless such waiver or variation is in writing and is
specifically authorised or ratified in writing by Carrier. (3) The terms of this Bill of Lading shall govern the
responsibility of Carrier in connection with or arising out of the supply of a Container to Merchant whether before
or after Goods are received by Carrier for Carriage or delivered to Merchant.